Stocks To Watch- Vedanta, Infosys, Wipro, SJVN, Samhi Hotels

Stocks To Watch: Vedanta, Infosys, Wipro, SJVN, Samhi Hotels

Stocks in focus: GIFT Nifty traded flat at 19,678, up by merely 16 points or 0.08% during Friday’s early trading session, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. On Thursday, the NSE Nifty 50 closed below the 20,000 mark at 19,679, down almost a per cent. The Sensex too closed well below 67,000 at 66,230.24, down a whopping 500 plus points.

“Technically, the Nifty has completed one leg of correction, and for the bulls now, 19,700 would be the key level to watch out for. If the index succeeds to trade above the same, then we could expect one relief rally, and above 19,700 the market could rally till 19,825 – 19,875. On the flip side, fresh selling is possible only after the dismissal of 19,700 and below the same, the index could slip till 19,650 – 19,600,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities.

The company will issue secured NCDs of face value Rs 100,000 each totaling `2,500 crore in one or more tranches, VEDL said in a regulatory update but did not provide further details.

Wipro

Jatin Pravinchandra Dalal is stepping down as CFO to pursue other career opportunities. Wipro announced that it is appointing Aparna C Iyer as Chief Financial Officer, effective immediately, the company said in a regulatory filing.

Infosys

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Nigeria’s Guaranty Trust Bank (GTBank), the banking subsidiary of Guaranty Trust Holding Company Plc, announced that Guaranty Trust Bank has selected the Finacle Digital Banking Suite for its multi-country digital transformation program.

Zaggle Prepaid Ocean Services

The company is scheduled to make its debut on the bourses today. It will be the second company to do so in the T+3 timeline after its IPO.

Samhi Hotels

The company is scheduled to make its debut on the bourses today. It will be the third company to do so in the T+3 timeline after its IPO.